Crowd–anticrowd theory of the minority game

The Minority Game is a simple yet highly non-trivial agent-based model for a complex adaptive system. Here, we provide an explanation of the game's fluctuations which is both intuitive and quantitative, and which applies over the entire parameter range of interest. The physical idea behind our theory is to describe the interplay between crowds of like-minded agents and their anticorrelated partners (anticrowds).

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Year of publication:	2001
Authors:	Hart, M ; Jefferies, P ; Johnson, N.F ; Hui, P.M
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 298.2001, 3, p. 537-544
Publisher:	Elsevier
Subject:	Complex adaptive systems \| Econophysics \| Agent-based models

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010590010